technology

Tesla to buy Maxwell Technologies for $4.75 a share


Tesla's electric vehicle plant in Fremont, Calif., January 19, 2019.

CNBC.com | Lora Kolodny

Tesla’s electric vehicle plant in Fremont, Calif., January 19, 2019.

Tesla plans to acquire energy technology company Maxwell Technologies, the company said Monday

Tesla will buy the company’s 45.9 million shares for $4.75 a share. The deal represents a 55 percent premium over Maxwell’s closing stock price of $3.07 a share Friday and would value the company at around $218 million.

This story is developing. Please check back for updates.



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